Apartment building for sale 505 m², land 197 m²

Link to the detailed property website in the video. On the sole representative of the owner I offer for sale an apartment building with 5 apartment units in Děčín Letná, on the corner of the streets of Budapest and Jílová. The house has 3 floors above ground, attic and cellar. The built-in area is 137 m², the plot area 191 m², the basement about 115,7 m². The building is connected to electricity, water, sewage and gas. Heating is provided by 3 gas boilers, always one for the floor. The water is guided through one main water meter without supporting meters. The electrometer has its own unit. The apartments are in basic functional standard and habitable. However, the house encourages further gradual modernization and increase of standards and rent. The potential total rent is about 43 000 Kč per month. With model financing 70% of the purchase price, interest 5,69% per annum and the maturity of 25 years, the loan is based on about CZK 5,53 million, own funds for about CZK 2,37 million and monthly payment for about CZK 34 600 Kč. The difference between the potential rent and the repayment is about + 8 400 Kč per month before operating costs. With a model rent growth of 2.5% per year, the rent for 10 years would be around 55 000 Kč per month. The value of the house in 10 years would be about CZK 11.69 million if the value of the property increased by 4% per year. In the same period, about CZK 1.35 million of principal would be amortised, the balance of the loan would be about CZK 4.18 million and the equity in the property would be about CZK 7.51 million. The property is suitable for an investor looking for a functional rental house with existing units and potential for further evaluation. The calculations are modelled and do not take into account all operating costs, repairs, vacancy, taxes or future changes in interest rates. Are you interested in the offer? Contact me to arrange a tour. I look forward to meeting you! The owner reserves the right to sell the property to the most advantageous offer. These areas are indicative.

All published information contained in this advertisement is purely informative and is not an offer within the meaning of § 1731 or § 1732 of the Civil Code, nor is it a public promise under § 1733 of the Civil Code.